Coeli Asset Management

Coeli Norrsken

Strategy Description

Coeli Norrsken is an absolute return fund employing a market-neutral strategy focused on U.S. publicly-traded companies undergoing ownership changes through secondary equity offerings and block deals. The fund specializes in analyzing institutional demand for transactions to identify high and low demand scenarios that serve as the basis for long and short trading positions. The fund’s investment process is fundamentally systematic with discretionary overlays. The strategy of Coeli Norrsken involves building a portfolio of companies conducting secondary offerings through quantitative and discretionary decision making, as well as hedging market risk with a combination of index hedges. 

Fund Information

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureSICAV
Fund DomicileLuxembourg
Minimum Investment00 USD
AUM -
Inception DateOct 2006
Management Fee2.00%
Performance Fee20.00%

Company Information

CompanyCoeli Asset Management
PrincipalLukas Lindkvist
AddressSveavägen 24-16
Stockholm, 111 57
Phone+46 8 506 223 30
E-mail[email protected]
Websitewww.coeli.se
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2019 3.60 -0.87 3.22 -0.14 -2.80 2.89
2018 -0.88 -3.28 -1.75 -0.24 1.45 -1.00 -1.61 -0.32 -1.15 -3.42 0.93 -4.13 -14.50
2017 1.30 0.30 0.64 1.21 1.15 -2.55 -1.50 -0.54 -0.97 0.31 3.69 2.92 5.95
2016 2.12 -0.74 2.19 -0.01 -0.51 -2.22 0.91 -0.65 -1.16 -2.46 6.47 0.00 3.69
2015 3.20 -1.62 1.12 0.31 0.50 -0.95 -1.20 0.27 -1.04 -2.38 2.97 0.66 1.69
2014 -0.54 1.09 -0.83 -0.50 1.64 2.08 -0.92 -1.30 -0.91 -0.24 0.60 -0.22 -0.12
2013 1.28 2.22 3.23 -0.73 -1.76 1.94 -1.26 1.18 1.45 1.15 2.94 2.49 14.92
2012 1.33 0.18 1.08 2.58 -0.33 0.76 3.60 -1.58 0.45 1.54 0.03 -0.17 9.78
2011 -0.05 -0.03 -0.22 -1.06 0.09 -2.47 -0.46 -4.07 0.48 -0.34 0.40 -1.56 -9.00
2010 0.38 -1.59 0.57 0.35 1.05 -0.68 -0.96 0.03 0.27 0.10 -0.14 -0.07 -0.72
2009 0.84 0.77 0.71 2.03 -0.03 0.41 2.22 0.05 2.02 -3.96 0.36 5.11 10.79
2008 0.97 3.42 1.02 1.18 3.35 2.68 -0.41 -1.93 1.77 1.65 1.36 -0.21 15.75
2007 -0.01 -0.68 -0.82 0.66 0.71 3.20 0.65 -2.12 1.37 5.01 -0.91 3.57 10.90
2006 0.11 0.68 1.44 2.24

Portfolio Managers

   
No data filled

Disclaimer

This information is intended for institutional investors only. All data including performance numbers have been supplied by the respective managers and funds. HedgeNordic in no way guarantees the accuracy of these numbers and has supplied them to you for information purposes only. This does not constitute a solicitation to buy or an offer to sell. No investment should be made without fully reviewing the associated risk factors, fees and conflicts of interest as outlined in each fund’s risk disclosure document. There may be funds which have chosen not to be listed in the HedgeNordic database and the NHX that may have better or worse performance than those in our database.

The risk of loss in investing in hedge funds can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Past results are not necessarily indicative of future results. Trade only with risk capital. Sales restrictions may apply in your jurisdiction.

Monthly Returns

Performance (VAMI)

Distribution of Monthly Returns

12 MONTH ROLLING ROR Return

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
Fund Index Fund Index Fund Index Fund Index Fund Index
1 -14.50% 12 0 01/2018 -
2 -10.31% 19 14 06/2010 02/2013
3 -5.98% 7 1 04/2016 11/2016
4 -5.46% 4 3 06/2017 12/2017
5 -5.21% 5 3 06/2015 01/2016

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.06%-0.23%-0.67%-0.48%-0.18%
% Positive33.33%33.33%25.00%29.17%38.89%
Avg. Pos. Period3.22%3.41%2.58%2.30%2.01%
Avg. Neg. Period-1.47%-1.99%-1.72%-1.60%-1.60%
Sharpe Ratio0.13-0.23-0.98-0.74-0.24
Sortino Ratio0.14-0.38-1.23-1.00-0.41
Monthly Volatility2.46%2.85%2.27%2.15%2.21%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 6.47%-4.13%.34%.27%-2.80%55.26%
3 Months 8.15%-6.87%1.06%.94%.19%60.00%
6 Months 14.25%-9.40%2.09%2.22%-1.36%70.75%
1 Year 22.52%-14.50%4.50%3.69%-7.71%72.34%
2 Years 36.42%-10.96%9.27%6.65%-10.96%77.52%
3 Years 43.53%-6.21%13.24%8.59%-6.21%91.45%
5 Years 36.43%-4.60%21.49%21.91%-2.65%95.70%

Volatility (12 Months Rolling)

CORRELATION (12 MONTH ROLLING)

AUM (EUR)

Chart not applicable - The program has no AUM data

Disclaimer

This information is intended for institutional investors only. All data including performance numbers have been supplied by the respective managers and funds. HedgeNordic in no way guarantees the accuracy of these numbers and has supplied them to you for information purposes only. This does not constitute a solicitation to buy or an offer to sell. No investment should be made without fully reviewing the associated risk factors, fees and conflicts of interest as outlined in each fund’s risk disclosure document. There may be funds which have chosen not to be listed in the HedgeNordic database and the NHX that may have better or worse performance than those in our database.

The risk of loss in investing in hedge funds can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Past results are not necessarily indicative of future results. Trade only with risk capital. Sales restrictions may apply in your jurisdiction.

Strategy Description

Coeli Norrsken is an absolute return fund employing a market-neutral strategy focused on U.S. publicly-traded companies undergoing ownership changes through secondary equity offerings and block deals. The fund specializes in analyzing institutional demand for transactions to identify high and low demand scenarios that serve as the basis for long and short trading positions. The fund’s investment process is fundamentally systematic with discretionary overlays. The strategy of Coeli Norrsken involves building a portfolio of companies conducting secondary offerings through quantitative and discretionary decision making, as well as hedging market risk with a combination of index hedges. 

Fund Information

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureSICAV
Fund DomicileLuxembourg
Minimum Investment00 USD
AUM -
Inception DateOct 2006
Management Fee2.00%
Performance Fee20.00%

Company Information

CompanyCoeli Asset Management
PrincipalLukas Lindkvist
AddressSveavägen 24-16
Stockholm, 111 57
Phone+46 8 506 223 30
E-mail[email protected]
Websitewww.coeli.se
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2019 3.60 -0.87 3.22 -0.14 -2.80 2.89
2018 -0.88 -3.28 -1.75 -0.24 1.45 -1.00 -1.61 -0.32 -1.15 -3.42 0.93 -4.13 -14.50
2017 1.30 0.30 0.64 1.21 1.15 -2.55 -1.50 -0.54 -0.97 0.31 3.69 2.92 5.95
2016 2.12 -0.74 2.19 -0.01 -0.51 -2.22 0.91 -0.65 -1.16 -2.46 6.47 0.00 3.69
2015 3.20 -1.62 1.12 0.31 0.50 -0.95 -1.20 0.27 -1.04 -2.38 2.97 0.66 1.69
2014 -0.54 1.09 -0.83 -0.50 1.64 2.08 -0.92 -1.30 -0.91 -0.24 0.60 -0.22 -0.12
2013 1.28 2.22 3.23 -0.73 -1.76 1.94 -1.26 1.18 1.45 1.15 2.94 2.49 14.92
2012 1.33 0.18 1.08 2.58 -0.33 0.76 3.60 -1.58 0.45 1.54 0.03 -0.17 9.78
2011 -0.05 -0.03 -0.22 -1.06 0.09 -2.47 -0.46 -4.07 0.48 -0.34 0.40 -1.56 -9.00
2010 0.38 -1.59 0.57 0.35 1.05 -0.68 -0.96 0.03 0.27 0.10 -0.14 -0.07 -0.72
2009 0.84 0.77 0.71 2.03 -0.03 0.41 2.22 0.05 2.02 -3.96 0.36 5.11 10.79
2008 0.97 3.42 1.02 1.18 3.35 2.68 -0.41 -1.93 1.77 1.65 1.36 -0.21 15.75
2007 -0.01 -0.68 -0.82 0.66 0.71 3.20 0.65 -2.12 1.37 5.01 -0.91 3.57 10.90
2006 0.11 0.68 1.44 2.24

Portfolio Managers

   
No data filled

Return Statistics

Last Month Return -
3 Month Return 0.19%
Year to Date Return 2.89%
12 Month Return -7.71%
36 Month Return -6.21%
Total Return Annualized 3.92%
Winning Months (%) 55.26%
Average Winning Month 1.54%
Average Losing Month -1.17%
Total Return Cumulative 62.70%

Risk Statistics (12M)

1 Year
Sharpe Ratio-0.98
Sortino Ratio-1.23
Sterling-0.38
Calmar-0.75
Skewness0.59
Kurtosis0.64
Maximum Drawdown-10.31%
Correlation vs S&P 5000.80
Annualized Volatility7.85%
Annualized Down. Deviation4.60%

Risk/Return Comparison

Monthly Returns

Performance (VAMI)

Distribution of Monthly Returns

12 MONTH ROLLING ROR Return

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
Fund Index Fund Index Fund Index Fund Index Fund Index
1 -14.50% 12 0 01/2018 -
2 -10.31% 19 14 06/2010 02/2013
3 -5.98% 7 1 04/2016 11/2016
4 -5.46% 4 3 06/2017 12/2017
5 -5.21% 5 3 06/2015 01/2016

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.06%-0.23%-0.67%-0.48%-0.18%
% Positive33.33%33.33%25.00%29.17%38.89%
Avg. Pos. Period3.22%3.41%2.58%2.30%2.01%
Avg. Neg. Period-1.47%-1.99%-1.72%-1.60%-1.60%
Sharpe Ratio0.13-0.23-0.98-0.74-0.24
Sortino Ratio0.14-0.38-1.23-1.00-0.41
Monthly Volatility2.46%2.85%2.27%2.15%2.21%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 6.47%-4.13%.34%.27%-2.80%55.26%
3 Months 8.15%-6.87%1.06%.94%.19%60.00%
6 Months 14.25%-9.40%2.09%2.22%-1.36%70.75%
1 Year 22.52%-14.50%4.50%3.69%-7.71%72.34%
2 Years 36.42%-10.96%9.27%6.65%-10.96%77.52%
3 Years 43.53%-6.21%13.24%8.59%-6.21%91.45%
5 Years 36.43%-4.60%21.49%21.91%-2.65%95.70%

Volatility (12 Months Rolling)

CORRELATION (12 MONTH ROLLING)

Disclaimer

This information is intended for institutional investors only. All data including performance numbers have been supplied by the respective managers and funds. HedgeNordic in no way guarantees the accuracy of these numbers and has supplied them to you for information purposes only. This does not constitute a solicitation to buy or an offer to sell. No investment should be made without fully reviewing the associated risk factors, fees and conflicts of interest as outlined in each fund’s risk disclosure document. There may be funds which have chosen not to be listed in the HedgeNordic database and the NHX that may have better or worse performance than those in our database.

The risk of loss in investing in hedge funds can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Past results are not necessarily indicative of future results. Trade only with risk capital. Sales restrictions may apply in your jurisdiction.